We have completed the wave 4 and we are looking to enter long for the wave 5
Here we can see a bat pattern that completed at the end of wave 4 confirming a long postion We are waiting for the price to retrace to the 50 or 61.8% of the first up move of the wave 5 so we can have a nice presice entry
A nice divergence that confirms the bat pattern and also the smaller wave 3and5 of the wave c of 4
here will be our entry at the 50 or 61.8%
entry : 1.22524 stoploss : 1.22003 tp1 : 1.23639 tp2 : 1.24000 tp3 : 1.25428 A nice risk reward of 2/1 for tp 1 and 5/1 on tp3
Leave a like and a follow i'm just starting my stradingview channel but you will be pleased ! i'm happy to answer any questions or to help however i can have a nice trade everyone .
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It just hit the 61.8% now we are just waiting for a small confirmation to buy
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i tp here because i put it on the wrong place 1.24270 you guys can hold if you want put stopp loss in double risk into profit (sorry for the bad english i'm dutch haha )
@brandonpelton, no problem if you where in the trade you can close now sinds a small retracement will happen and reenter later or you can keep your trade open ....
thank you for the support !